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What is Bitkub Coin (KUB)?

Bitkub provides a blockchain infrastructure designed to be affordable and scalable for deploying decentralized applications. The Bitkub Chain seeks to establish a robust local blockchain ecosystem, enabling decentralized applications and their assets to operate transparently with low transaction costs and quick confirmation times. Employing a Proof of Authority (PoA) consensus mechanism, a consortium of reputable and known validator nodes authorizes transactions by validating and signing them before producing a new block, which is added to the chain. To enhance network efficiency, a new block is generated approximately every 5 seconds. The native utility token of the Bitkub Chain is KUB (Bitkub Coin), used for transaction fees, redeeming trading fee credits on Bitkub Exchange, and transfer...

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